AML/CFT Compliance Officer Essentials
The compliance officer role at a reporting institution is frequently handed to someone with a finance or operations background and a short handover. This day covers what the job actually requires: running due diligence that stands up to examination, screening properly rather than nominally, deciding whether an internal escalation becomes a report, and writing that report so it is useful to the recipient rather than merely filed.
Programme Agenda
The Compliance Officer's Mandate
Where the appointment comes from, what the role owns, and the independence and reporting line it needs. Board and senior management responsibilities that cannot be pushed down into the function.
Customer Due Diligence End to End
Identification and verification, beneficial ownership to the required threshold, purpose and intended nature of the relationship, and ongoing due diligence. Handling structures designed to obscure ownership.
Enhanced Due Diligence and Risk Rating
Deciding when EDD is triggered, what it must add, and how a customer risk rating is built from country, product, channel and customer factors. Keeping the rating current rather than set at onboarding.
Politically Exposed Persons
Domestic and foreign PEPs, close associates and family members, source of wealth versus source of funds, and the senior approval requirement.
Sanctions and Targeted Financial Sanctions
Screening against the relevant lists, name matching and false positive handling, the freeze-and-report obligation on a true match, and screening at the right points in the relationship rather than only at onboarding.
Transaction Monitoring
Rule design, threshold setting, alert triage and the discipline of closing an alert with a reasoned note. Why a monitoring system generating no alerts is a finding, not a success.
Preparing a Suspicious Transaction Report
Moving from internal escalation to a filed report. Writing the grounds for suspicion clearly, attaching the right supporting material, timeliness, and what to do with the relationship afterwards.
Record Keeping and Examination Readiness
Retention periods, retrievability, and assembling the file an examiner asks for. Common findings and how to avoid producing them.
Learning Outcomes:
Define the compliance officer mandate and the independence it requires
Run customer due diligence including beneficial ownership identification
Trigger and conduct enhanced due diligence, and maintain a live risk rating
Handle PEP relationships including source of wealth enquiry and senior approval
Operate sanctions screening and act correctly on a true match
Design and triage transaction monitoring alerts with defensible closure notes
Prepare a suspicious transaction report that states clear grounds for suspicion
Keep records that can be produced on examination without reconstruction
Duration: 1 Day (8 Hours)
Training Hours: 9:00 AM to 5:00 PM
Level: Beginner
Training Mode: Physical, Online, or Hybrid
HRD Corp SBL-KHAS Claimable
Certificate of Completion included
Frequently Asked Questions
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